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Image by 3D Animation Production Company from PixabayThe number of returns received by the Internal Revenue Service is falling into a normal range. The agency reported that returns received through March 8 were up .1 percent over the 2019 season ended March 6.

The industry generally expects most seasons to see an increase of 1 percent of less in the number of returns fired.  For the most recently reported period, there have been 67,998,000, returned received, up from 67,721,000 in last year’s corresponding period

Efiles rose .8 percent to 64,806,000 from 67,721,000. Self-prepared efiled returns continue to product the growth while those submitted by tax professionals narrowed their gaps from 2018.  There have been 31,430,000 efiles submitted by paid preparers through March 6 down 1.9 percent from 31,942,000 a year earlier. There were 33,376,000 do-it-yourself efiles, an increase of 3.1 percent from 32,357,000 for the period through March 8, 2019

For the prior cumulative report ended March 1, efiles from paid preparers were off by 2.2 percent and those that were self-prepared were up 2.9 percent from the corresponding period in 2019.

The number of refunds issued also improved. There were 52,721,000 issued for the through March 8, a drop of 1.4 percent from 53,487,000, compared to a drop of 1.9 percent for the report through March 1, The average return of $3,012 was virtual unchanged, up $4 from a year ago.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Monday, 23 March 2020
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